Philanthropists around the world want to alleviate global poverty, and according to a new study, the most effective approach may entail coordination of efforts.
Forbes Insight, supported by Credit Suisse, surveyed 317 individuals with investable assets of $1 million or more, exploring the question of how a philanthropist can best help mitigate global poverty.
Seventy-three percent of philanthropists said they wanted to see pattern changes at the highest levels, as they seek to affect international or government policies at the onset of their giving.
A problem as huge as global poverty can be addressed only by systemic change rather that specific projects, they said. Fifty-seven percent agreed that wealth creation, understood as economic growth that benefits most of society, was an effective means to alleviate or eradicate poverty.
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Nearly half of survey respondents agreed that too many organizations within the non-profit sector overlapped.
Although many individual donors wanted to make their own imprint, the most effective approach for a philanthropist tackling global poverty may be to join forces with other experienced philanthropists or organizations or to seed the initiatives of others.